General Finance

General Finance

Industry: Financial services

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General Finance

two-tier bid

Financial services; General Finance

Takeover bid in which the acquirer offers to pay more for the shares needed to gain control than for the remaining shares, or to pay the same price but at different times in the merger period; ...

Selling, general, and administrative (SG&A) expenses

Financial services; General Finance

Expenses such as salespersons' salaries and commissions, advertising and promotion, travel and entertainment, office payroll and expenses, and executives' salaries.

spot futures parity theorem

Financial services; General Finance

Describes the theoretically correct relationship between spot and futures prices. Violation of the parity relationship gives rise to arbitrage opportunities.

swap rate

Financial services; General Finance

The difference between spot and forward rates expressed in points, e.g., $0.0001 per pound sterling.

temporary financing

Financial services; General Finance

The sum of negotiated current liabilities and temporary spontaneous current liabilities.

two-tier tax system

Financial services; General Finance

Taxation system that results in taxing the income going to shareholders twice.

selling on the good news

Financial services; General Finance

A strategy of selling stock shortly after a company announces good news and the stock price rises. Investors believe that the price is as high as it can go and is on the brink of going down.